The US Dollar grew stronger on Tuesday, thus pushing the EUR/USD exchange rate considerably lower.
The New Zealand Dollar continues losing ground against the US Dollar. The currency pair was guided by the 55—hour simple moving average during yesterday session.
The US Dollar continues its bullish path against the Canadian Dollar, the exchange rate is gradually moving in an ascending channel.
The Aussie has been confined by a descending channel against the Greenback since late January. The upper boundary of a junior pattern was reached on March 14 and has since been moving along the channel.
Even though the common European currency has increased its trading range against the Japanese Yen during the previous session, the EUR/JPY exchange rate failed to make any substantial movement.
A reversal from the 1,310.00 territory early on Monday was followed by a sharp upside pressure for Gold, as the weakening of the US Dollar boosted demand for the commodity.
The US Dollar continues to consolidate for the third consecutive session.
The British Sterling was bounded by moving averages during the first part of Monday, thus trading in line with a short-term channel down.
The Euro rallied against the US Dollar on Monday, thus closing the session with a 55-pip gain.
The New Zealand Dollar has bee trading in a channel down against the US Dollar since early February. The Pair Jumped off the upper boundary of a dominant channel on February 5 and has since remained bearish.
Upside momentum prevailed in the market on Friday, thus letting the Greenback to gained further 60 basis point against the Canadian Dollar.
The Australian Dollar continues its bearish path against the US Dollar, the currency pair is slowing moving in a descending junior channel.
Bulls managed to regain control of the EUR/JPY exchange rate. This bullish momentum started in the early hours of Monday's trading session and by the middle of the day, the pair had gained 94 basis points.
Bears continue dominating the market for the third consecutive session.
The US Dollar continues to weaken against the Yen for the fourth consecutive session.
The GBP/USD exchange rate showed high volatility on Friday.
The Euro was appreciating steadily against the Greenback on Friday morning.
The movement of the New Zealand Dollar on Thursday was guided mainly by SMAs. The rate breached both the 200-hour simple moving average and a support cluster set by the weekly and monthly PPs near 0.7277.
The Greenback maintained a stable position against the Canadian Dollar on Thursday. The USD/CAD exchange rate has been moving higher systematically for the third consecutive session.
The Australian Dollar has continued to lose strength against the US Dollar after the pair hit the upper boundary of a descending channel on March 14.
There has been some development in the situation on the EUR/JPY pair. By the end of Thursday's trading session, the exchange rate has extended it lost, which began during the early hours of the Asian session.
Gold was driven by bearish momentum during the previous trading session.
The US Dollar was trading in the same range against the Yen during the most of the session on Thursday.
The Sterling continues to depreciate against the US Dollar for the second consecutive session.